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Bloomberg Tech

Tech Stocks Jump and Musk Pitches Himself to Trump

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 13 August 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down tech stocks jumping on cooling inflation, though Citi strategists still see risks of a sell-off. Plus, Elon Musk pitches himself as government spending tzar in an hours-long, glitchy Spaces on X with Former President Trump.

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Transcript

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0:00.0

Want to know where stress is showing up in the $20 trillion commercial real estate market?

0:08.0

Or how the clean energy transition is actually being financed?

0:11.6

Or while child care is so expensive and why so much of the global economy is going into

0:16.2

reverse, then you're in the right place.

0:18.7

I'm Tracy Allaway.

0:19.8

And I'm Jill Weisenthall.

0:21.0

Together we host the All-Thauts Podcast. Twice a week we bring on the perfect

0:25.0

guest to break down all these odd, interesting, complicated finance topics and more.

0:30.1

You can look us up wherever you get your podcasts. The Oddlods Podcast from Bloomberg. heart of where innovation, money and power collide in Silicon Valley and beyond.

0:45.0

This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York in San Francisco, this is Brumberg Technology.

1:07.0

Coming up, technology stocks, they jump on cooling inflation, but city strategists still see a risk of a sell-off we discuss.

1:15.0

Elon Musk pitches himself as government spending czar in an hour's long glitchy

1:20.0

spaces on X with former President Trump.

1:23.0

And Google's gadget game, we discuss the search giants, the latest

1:26.0

handsets and AI goals.

1:28.8

But first, let's check in on these markets.

1:30.6

And we are on the up, the up and the up.

1:32.2

And then it comes to the NasDAQ and the NASDAQ 100.

1:34.0

Why cooling inflation signs? PPI data today signifies that.

1:38.0

Tomorrow we have all eyes on CPI and we're managing to crescendo up more than 5.5% let's call it at the moment

1:44.4

over the course of the last four training days. Ed what are the key stocks that drive us higher?

1:48.8

So these are three names that also just happen to be the biggest points drivers to the

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